Logitech Laying Off 5 Percent of Global Workforce, Focusing on Mobile
March 1, 2013 6:46 PM
comment(s) - last by
That's about 140 employees
Logitech's new CEO has clearly been busy, as a new company-wide reorganization plan has been laid out -- and it includes a number of layoffs.
Logitech plans to lay off 5 percent of its worldwide workforce, which is about 140 employees. This decision will give the company a charge of $12 million to $14 million in the fourth quarter of the 2013 fiscal year.
By doing this, Logitech hopes to place more focus on its key businesses, including
and mobile products. Logitech, like most tech companies, is realizing that the PC market is slowing substantially in favor of mobile devices like smartphones and tablets. Hence, moving along with this trend will help it during its troubling times.
“As we align the organization with our strategy to become a faster, more profitable company, we have also created opportunities to become more focused, improve operational effectiveness and even deliver additional cost savings that will contribute to improved profitability,” said Bracken P. Darrell, Logitech president and chief executive officer. “These actions support our goals to develop outstanding mobility- and PC-related products, streamline our cost structure and achieve faster times to market.”
Logitech is undoubtedly in a bit of a slump after posting an operating loss of $180 million on sales of $615 million during the fiscal third quarter.
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RE: Sorry to Hear Logitech is Losing Money
3/4/2013 9:13:09 AM
Some products may be fine, but my point was that there are products that are known to be inherently poor in terms of quality.
Ebay used to list replacement cables for the G5 as it was widely known that the braided cable was prone to breaking where it connects to the mouse, and again, the G7 that i mentioned, there are not tutorials online detailing how to repair the double click issues because it was a one off fault. Nor is the connectivity issues of the Edge a one off issue, it is widely experienced.
Logitech make some great products, and they make some great products with major design faults. I have a handful of logitech mice and keyboards that have worked flawlessly since i bought them in maybe 2002/3. But i bought a second dinovo edge 2 months ago, new, and for the price paid i should not have to sit with the word "design" *written above( half finnished while i wait 5 seconds for my keyboard to reconnect to the bluetooth dongle. This is a widely accepted issue, and should not be present in a £120 keyboard.
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